HYATECH(SH:688510)2021-04-22 16:00Financial Performance - Operating revenue decreased by 12.87% to CNY 58,512,400.79 year-on-year[5] - Net profit attributable to shareholders decreased by 77.11% to CNY 2,659,376.27 compared to the same period last year[5] - Basic earnings per share dropped by 82.83% to CNY 0.0103 compared to the previous year[5] - The company's operating revenue for Q1 2021 was CNY 58,512,400.79, a decrease of 12.87% compared to CNY 67,156,897.26 in the same period last year[11] - The net profit attributable to shareholders of the parent company was CNY 2,659,376.27, down 77.11% from CNY 11,619,475.10 in the previous year[12] - Net profit for Q1 2021 was ¥2,564,275.38, down 77.8% from ¥11,536,040.10 in Q1 2020[23] - Total profit for Q1 2021 was ¥3,083,924.60, a decrease of 76.3% from ¥13,022,444.91 in Q1 2020[23] Cash Flow - The net cash flow from operating activities was negative at CNY -29,756,181.28, a decline of 79.20% year-on-year[5] - Cash flow from operating activities showed a net outflow of CNY 29,756,181.28, a decline of 79.20% compared to CNY -16,604,856.35 in the same period last year[12] - The net cash flow from operating activities for Q1 2021 was -29,756,181.28 RMB, compared to -16,604,856.35 RMB in Q1 2020, indicating a decline of approximately 79.5% year-over-year[28] - The net cash flow from investing activities was -43,492,833.50 RMB in Q1 2021, compared to -18,014,579.72 RMB in Q1 2020, reflecting a decline of approximately 141.4% year-over-year[31] - Cash inflow from operating activities totaled 25,406,482.11 RMB in Q1 2021, down from 32,470,082.51 RMB in Q1 2020, a decrease of approximately 21.6%[30] Assets and Liabilities - Total assets increased by 2.94% to CNY 1,246,435,474.59 compared to the end of the previous year[5] - Current assets totaled CNY 800,569,884.92, up from CNY 779,405,370.97, indicating an increase of about 2.2%[15] - Total liabilities increased to CNY 303,330,154.66 from CNY 270,260,527.74, marking a rise of approximately 12.2%[16] - Short-term borrowings increased to CNY 56,441,466.38 from CNY 40,069,933.88, representing a growth of about 40.7%[16] - Non-current assets totaled CNY 445,865,589.67, up from CNY 431,396,201.32, indicating an increase of approximately 3.4%[15] Research and Development - R&D investment as a percentage of operating revenue increased by 3.93 percentage points to 14.68%[5] - Research and development expenses increased by 19.05% to CNY 8,591,652.85 from CNY 7,216,737.90 year-on-year[11] - The company’s management indicated a focus on increasing R&D investment to drive future growth despite current revenue challenges[22] Shareholder Information - The total number of shareholders reached 10,755 by the end of the reporting period[9] - The top shareholder, Yan Qi, holds 14.44% of the shares, totaling 37,317,391 shares[9] Other Financial Metrics - The company reported a total of CNY 562,280.92 in non-recurring gains and losses for the period[8] - The company's short-term borrowings increased by 40.86% to CNY 56,441,466.38 from CNY 40,069,933.88 year-on-year[11] - The company reported a credit impairment loss of ¥-497,751.00, an improvement from ¥-713,043.03 in Q1 2020[22] - The company’s investment income dropped to CNY 51,487.37, a decrease of 100% compared to the previous year, attributed to reduced financial management income[12]